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Fade the Squeeze JO

86
Coffee ETF here. I seldom look at coffee, but it came to my attention on an interesting day.
Up over 5.5% on the day. I understand it's very "shorted". I expect a retracement back down to at least test the prior highs around $31.50 and daily downtrend line.
This is based on my dowsing and intuitive methods. It will be interesting to see if the trendline holds and JO begins a potential new bullish trend. We will watch.
Not
That's not what I was expecting. Perhaps timing is off, but I'll keep and eye out for a test of the trend line and see if it holds for a potential new bull market in coffee.
Not
It's off and not looking back!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.